Everyone is looking for a way to make money in the short-term.

The other day a friend of mine was telling me about his meeting at the bank. He was looking at short-term investment options for a small amount of money while he looked for a house within the next year. His banker placed his money in a 6-month non-redeemable GIC at 1%.

If you think this is a good investment option, you may think otherwise after reading this article.